with cryptocurrencies Arthur Hayes, whose relevant predictions are closely followed, made an important assessment. While he’s been wrong about some of his past predictions, Hayes is being closely followed by the cryptocurrency community, and if he’s right, today’s drop could have bigger ramifications. So what does the former BitMEX CEO say?
The Date When Cryptocurrencies Will Crash
Today’s decline was largely driven by the Fed, and the negativity on the macroeconomic front made things difficult. There were losses of up to 20 percent in altcoins. But according to Hayes, it could be much more.
Former BitMEX Chief Executive Arthur Hayes, trump As soon as the administration took office cryptocurrency He says investors will face the bitter truth. While focusing on how quickly Trump “cannot change” things in his recent article, he wrote;
“The market will immediately wake up to the fact that Trump has, at best, a year to enact any policy changes on or around January 20th. “This realization will lead to a violent sell-off in crypto and other Trump 2.0 stocks.”
Hayes argues that the Republican House and Senate majorities will lose their final strength before the midterm US elections in November 2026.
Accordingly, as January 20 approaches, if Hayes’ opinion is accepted in the community, larger sales waves may be seen in cryptocurrencies.
The Future of Cryptocurrencies
Trump’s cryptocurrencies Depending on how committed he is to the issue, Hayes could be wrong. Currently, Trump’s candidates are in the SEC, Ministries and many institutions. cryptocurrency pro. Moreover, Republicans are in the majority in the Senate and the House of Representatives. And if Bitcoin $101,762.8 Although it may seem difficult to achieve ambitious targets such as reserve funds, regulations that will ease cryptocurrencies can be put into effect.
currently altcoins Bills have matured that pave the way for the supervision to be given to the CFTC, bring clarity for stablecoins, and end the operation that prevents banks from having a relationship with crypto. Regulation of stablecoins and altcoins gaining commodity status and even paving the way for their conversion from securities to commodities by the CFTC will give the cryptocurrency industry much of what it needs.
Hayes’ doomsday scenario may not come true due to reasons such as the fact that their infrastructures have already been prepared, the strong cryptocurrency representation in the Senate and the House of Representatives, and Trump’s pro-crypto stance. However, after Powell’s statements, we need to see Trump make statements in the coming hours that will remind everyone once again how determined he is about cryptocurrencies. This may pave the way for a return in cryptocurrencies.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
